Lynas secures rare earths price floor in updated Japan supply agreement
Commodities
The Australian miner will also ensure the flow of heavy rare earths to Japanese industry
Lynas will make available 75% of the HRE oxides it produces to Japanese industry, with a joint venture commitment to purchase the equivalent of 50% of its HRE product “at prices and terms that represent no opportunity loss to Lynas.” (Screenshot from Lynas website)
CANBERRA — Australian rare earth miner and refiner Lynas has secured important purchase price guarantees in an update to its long-standing arrangement with Japan, the company announced on Tuesday.
